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New Towns Act 1981
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- Deddfau Cyhoeddus Cyffredinol y Deyrnas Unedig
- 1981 c. 64
- Part IV
- Financial reconstruction
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Nodweddion Uwch
- Dangos Graddfa Ddaearyddol(e.e. Lloegr, Cymru, Yr Alban aca Gogledd Iwerddon)
- Dangos Llinell Amser Newidiadau
Rhagor o Adnoddau
Changes over time for: Cross Heading: Financial reconstruction
Alternative versions:
Changes to legislation:
New Towns Act 1981, Cross Heading: Financial reconstruction is up to date with all changes known to be in force on or before 29 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Part IV Crossheading Financial-reconstruction:
- s. 1A(1) omitted by 2023 c. 55 Sch. 16 para. 7(3)
- s. 1A(2) omitted by 2023 c. 55 Sch. 16 para. 7(3)
- s. 1A(4) word inserted by 2023 c. 55 Sch. 16 para. 7(4)(b)
- s. 1A(4) words substituted by 2023 c. 55 Sch. 16 para. 7(4)(a)
- s. 1A(5)(a) words substituted by 2023 c. 55 Sch. 16 para. 7(5)(a)
- s. 1ZA 1ZB inserted by 2023 c. 55 s. 172(2)
- s. 2(1A) inserted by 2023 c. 55 Sch. 16 para. 8
- s. 3(2B)-(2D) inserted by 2023 c. 55 s. 172(3)(c)
- s. 3(2ZA)(2ZB) inserted by 2023 c. 55 s. 178(2)(b)
- s. 7A 7B inserted by 2023 c. 55 s. 175(2)
- s. 60(1A) inserted by 2023 c. 55 s. 179(2)(b)
- s. 77(3E) inserted by 2023 c. 55 Sch. 17 para. 1(3)
- Sch. 3 para. 10A 10B and cross-heading inserted by 2023 c. 55 s. 175(3)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 1A(1) omitted by 2023 c. 55 Sch. 16 para. 7(3)
- s. 1A(2) omitted by 2023 c. 55 Sch. 16 para. 7(3)
- s. 1A(4) word inserted by 2023 c. 55 Sch. 16 para. 7(4)(b)
- s. 1A(4) words substituted by 2023 c. 55 Sch. 16 para. 7(4)(a)
- s. 1A(5)(a) words substituted by 2023 c. 55 Sch. 16 para. 7(5)(a)
- s. 1ZA 1ZB inserted by 2023 c. 55 s. 172(2)
- s. 2(1A) inserted by 2023 c. 55 Sch. 16 para. 8
- s. 3(2B)-(2D) inserted by 2023 c. 55 s. 172(3)(c)
- s. 3(2ZA)(2ZB) inserted by 2023 c. 55 s. 178(2)(b)
- s. 7A 7B inserted by 2023 c. 55 s. 175(2)
- s. 60(1A) inserted by 2023 c. 55 s. 179(2)(b)
- s. 77(3E) inserted by 2023 c. 55 Sch. 17 para. 1(3)
- Sch. 3 para. 10A 10B and cross-heading inserted by 2023 c. 55 s. 175(3)
[F1 Financial reconstructionE+W
Textual Amendments
F1Ss. 62A, 62B and cross-heading inserted by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 8(1)
62A Power to extinguish loan obligations of development corporations.E+W
(1)The Secretary of State may, with the Treasury’s consent, by order extinguish to such extent as may be specified in the order any liabilities of a development corporation in respect of advances made by him to the corporation under section 58(1) or the corresponding provisions of the 1946 Act or the 1965 Act.
(2)The aggregate amount of liabilities extinguished by order under this section shall not exceed £1,750 million.
(3)Where liabilities are extinguished under this section the assets of the National Loans Fund shall be reduced by amounts corresponding to the liabilities so extinguished.
(4)No order shall be made under this section after 30th September 1986.
(5)No order shall be made under this section unless a draft of the order has been laid before, and approved by a resolution of, the House of Commons.
(6)In this section—
(a)“the 1946 Act” means the M1New Towns Act 1946 and the provision of it corresponding to section 58(1) is section 12(1); and
(b)“the 1965 Act” means the M2New Towns Act 1965 and the provision of it corresponding to section 58(1) is section 42(1).
F262B Power to suspend loan obligations of development corporations and Commission.E+W
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ]
Textual Amendments
F2S. 62B repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 16, Sch. 16; S.I. 2009/803, arts. 3(1), 10
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